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What if you just bought term life insurance and a month later you die will the insurance company pay?
Wiki User
∙ 14y ago
Actually, you don't buy insurance, you apply for insurance coverage.
If the issuing insurance company believes that you have met all the conditions for the coverage, the policy will be issued to you. In some cases, when the policy is issued, the coverage may begin as of the date you signed the application, while in others it won't begin until the date they approve you for coverage.
As to a suicide provision, most policies do carry a limit on the benefits that will be paid for the first few years, for example.
Wiki User
∙ 14y ago
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United Insurance Company of America?
I am trying to contact United Insurance Company of America concerning a whole life policy with an inception date of 1965 and that was inforce a month after the named insured passed.
